The disposal of the remaining MR1 vessels
Splash247 covers the announced sale of Eco Fleet and Eco Revolution, the two MR1 product tankers then in TOP Ships’ fleet. The vessels were approximately 39,200 dwt and had been built in 2015 and 2016. Deliveries to unaffiliated buyers were expected during January 2020; the company did not disclose transaction prices.
The report distinguishes broker-style market valuations from actual sale consideration: the VesselsValue estimates quoted in the article are not disclosed deal prices. Following the disposals, the operating fleet described at that time would comprise four MR2 product tankers, with three further MR2 newbuildings due from Hyundai Mipo. The development marks a historical change in the fleet’s tanker-size mix.
An editorial summary of the linked publication. Figures and plans refer to its publication date.